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Tag: oil and gas

SÃO PAULO, BRAZIL – The enormous buildup surrounding this week’s petroleum field auctions in Brazil flopped, as no major oil company came forward to bid for the November 6th and 7th blocs, located along the Brazilian coastline. Headlines across...
SÃO PAULO, BRAZIL – In little over a week, Brazil’s government will hold two auctions for oil and gas exploration and production areas, most of them located in deepwater pre-salt areas. According to experts, the auctions on November 6th...
SÃO PAULO, BRAZIL – Despite the apparent success of last week’s auction, organized by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), of the concession of 36 blocks for petroleum and gas exploration along the Brazilian coastline,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Hours after posting the increase in diesel fuel prices on its website, Petrobras, Brazil's oil giant, reversed its decision, stating that it was "delaying the increase for a few days."...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – After four years registering losses, Brazil’s oil giant, Petrobras, announced the company registered a net income of R$25.8 billion in 2018. This is the first positive result in five...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Petrobras closed the third quarter of the year with a net profit of R$6.6 billion, more than 25 times higher than the R$266 million obtained in the same period last...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – For the first time, Rio Oil & Gas 2018, which opens Monday in Riocentro, Rio de Janeiro will have an exclusive area dedicated to digital technologies, where representatives and...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – At least 158 petroleum exploration blocks have been approved by environmental agencies to be auctioned off later on this year in the first permanent-offer system, according to the National...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras president Pedro Parente on Friday morning, Brazilian President, Michel Temer, announced Parente’s successor and stated that the government will not...

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